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eBay Suspended & PayPal Limited Forums (https://www.aspkin.com/forums/)

- Amazon (https://www.aspkin.com/forums/amazon/)

- - Spending Money (https://www.aspkin.com/forums/amazon/19590-spending-money.html)

EbanYtsa

06-18-2010 06:48 PM

Spending Money

Hi everyone, I heard that dealership may complain on you to
:amen: tax service etc. in case you buying expansive car. Who know the limit to stay in shadow?, is there state difference, payment type.?

jeffweico

06-18-2010 07:18 PM

Per the IRS:

Any persons who receive more than $10,000 while conducting their trade or business must file a Form 8300. The $10,000 may occur in a single transaction, or a series of related transactions.

This only applies to CASH transactions. In addition to that, all financial institutions are required to report any cash transactions over $10k as well.

My question is...

Wouldn't you be afraid of carrying that much cash???

cardfelon

06-18-2010 07:32 PM

Most major banks will report anything over 5k even though the law only requires 10k. Mind you this is cash and not checks.

GreenBean

06-18-2010 08:33 PM

If you are spending big money, you are making big money. You should be paying tax. That's between you and the IRS. Not this forum :boink:

Thread closed

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